Business Today: The best news, analysis and comment from ‘The Irish Times’ business desk

Robert Pitt, chief executive of INM has parted ways with the company. It is understood that Michael Doorly, the company secretary and chief risk officer at Independent News & Media, will take over as interim chief executive. Mark Paul has the details and we will be keeping an eye on any further developments today.

Australian political leaders have told President Michael D Higgins that they see the United Kingdom’s chances of creating new post-Brexit trade agreements as “extraordinarily difficult.” Simon Carswell reports from Melbourne. On the same trip outdoor clothing maker Portwest announced it had bought an Australian firm for 10 million euros.